Perfect Competition vs Monopoly I 60 Second Economics
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YouTubetutor2u
Perfect Competition vs Monopoly I 60 Second Economics
What happens when we compare the two extremes of market structure - perfect competition and pure monopoly? In this 60 Second Economics, Geoff walks through why these markets sit at opposite ends of the efficiency spectrum. #PerfectCompetition #Monopoly #MarketStructures #AllocativeEfficiency #ProductiveEfficiency #DeadweightLoss #XInefficiency ...
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